Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands Cenovus’ SAGD footprint with three Alberta assets.
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Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK. -
Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
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Sinopec becomes the first Asian equity holder in the NFE expansion after having signed a 27-year sales and purchase agreement with Qatar, the longest term in the industry.
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The large US shale producer has officially entered into the renewable energy sector with its largest venture investment yet.
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A new report from Rystad Energy sees strong labor wage growth testing the budgets of US shale operators.
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The OTC Energy Insights will be livestreaming from an on-site studio, a new addition to the Offshore Technology Conference exhibit hall floor.
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The strategic agreement puts the partners’ joint activities on a more certain path to connecting the first fusion power plant based on magnetic confinement to the electrical grid by early 2030.
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The Gas Growth Integrated Project will capture and supply flare gas to generate electricity and treat seawater to manage pressure in oil wells in Iraq’s Basra region.
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The Kremlin’s agreement to settle payment enables the equity transfer to be finalized.
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After successfully identifying prospects offshore Namibia with Shell and TotalEnergies, QatarEnergy is now expanding its African footprint into Mauritania.
